Mullen Group (TSE:MTL) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Mullen Group Ltd. (TSE:MTL)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.31 and traded as high as C$14.83. Mullen Group shares last traded at C$14.80, with a volume of 151,782 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MTL shares. BMO Capital Markets upped their price objective on Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. National Bankshares boosted their price objective on shares of Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. TD Securities cut their target price on shares of Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Cormark lowered their price target on Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. Finally, CIBC boosted their price objective on Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$18.97.

Mullen Group Stock Up 1.5 %

The stock’s fifty day simple moving average is C$15.18 and its two-hundred day simple moving average is C$14.31. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. The company has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.81 and a beta of 1.82.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend was Thursday, October 31st. Mullen Group’s payout ratio is 62.69%.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.